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Oracle EPM Managed Services

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Explore Oracle EPM Managed Services

What’s Best for Oracle EPM Management?

Performday can help organizations reduce application expenditures by 60%. Most Oracle EPM users struggle with maintaining performance and managing budgets, forecasts, and reporting. Organizations have two options to address these challenges.

1. Inhouse

Enterprises often take this traditional route, handling EPM in-house. However, it poses financial and operational risks.

2. Outsourcing

Outsource EPM operations to experts. Their refined processes and talent pool surpass internal capabilities, often at lower rates.

4 Best Practices for Oracle EPM for Managed Services

Rapid Expansion

Support Aggressive Rollout

Support the aggressive rollout and expansion of your business by providing expertise and resources to ensure a smooth and efficient implementation.

Functional Requirements

Business Processes Alignment

Translate business processes and functional requirements into Oracle EPM-oriented workflows, ensuring that the system supports your specific operational needs.

Analytics

Advanced Reporting

Enhance your Oracle EPM implementation by developing new reports, dashboards, and narrative reporting, providing deeper insights and better decision-making.

Training

Tailored Training for Users

Provide tailored Oracle EPM training for all business users, ensuring they have the knowledge and skills needed to effectively use it.

Lower Cost, Higher Business Value

Partnering with Azdan for managed services leads to significant benefits that surpass the costs. Experience a 60% reduction in expenses, seamless adoption of new updates, improved infrastructure efficiency, and heightened business user satisfaction.

PerformDay Mangaged Services Features

Planning & Budgeting

Oracle PBCS Features for Managed Services:

Financial Budget Rollout
Operational Planning support
Manage Comprehensive Budget
Weekly & monthly Forecasting
Long term business plans
Actual Vs Budget Analysis
Configure planning workflow

Financial Consolidation

Oracle Financial Consolidation Features for Managed Services:

Monthly, Quarterly Financial Consolidation
Annual Financial Consolidation
Financial Disclosures
Management Reporting
External Reporting
Annual Audited Financial Statements
Business Segment Analysis and Reporting
Business KPIs and Ratios

"Performday is trusted by leading organizations in the Middle East for Oracle EPM Managed Services, enhancing financial management and decision-making."

Trusted by the leading organizations in the Middle East

FAQs

Frequently Asked Questions

What services do you offer?

Working with performday directly will provide you:

Holistic Support and Expertise: Performday offers end-to-end support, from implementation to ongoing management. Our team understands the intricacies of Oracle EPM and tailors solutions to your unique needs.
Industry-Specific Solutions: Performday specializes in various industries, ensuring that Oracle EPM aligns with your specific business requirements. Whether you’re in healthcare, retail, or finance, we’ve got you covered.
Agility and Flexibility: As your business evolves, Performday adapts Oracle EPM to meet changing demands. Our agile approach ensures seamless transitions and continuous improvement.
Cost-Effective Implementation: Working with Performday streamlines the process, reduces manual tasks, and optimizes your investment. We focus on efficiency and value.
Personalized Attention: Performday prioritizes your success. We provide dedicated support, training, and strategic guidance, making your Oracle EPM journey smooth and effective..

What does Oracle EPM Managed Services offer in terms of implementation and configuration?

Oracle EPM Managed Services provide a seamless and efficient setup process, ensuring that your EPM system is tailored to your specific needs and goals. This includes expert assistance in aligning the system with your business objectives from the very beginning.

How does Oracle EPM Managed Services handle data management?

Data management is a critical component of Oracle EPM Managed Services. The service ensures that your data remains accurate, consistent, and secure, providing a solid foundation for reliable insights and informed decision-making.

Can you explain the process optimization aspect of Oracle EPM Managed Services?

The Process optimization is a key focus of Oracle EPM Managed Services. The service streamlines your EPM processes, removing inefficiencies and enhancing productivity, which leads to smoother operations and better overall performance.

What kind of support can I expect with Oracle EPM Managed Services?

With Oracle EPM Managed Services, you can expect comprehensive support that includes 24/7 availability. This ensures that any issues are addressed promptly and proactively, minimizing downtime and maintaining continuous operation of your EPM system.

Planning and Budgeting FAQs

How many users/departments will be involved in the budgeting and planning cycle?

The number of users or departments involved in the budgeting and planning cycle depends on the organization’s size and complexity. We tailor solutions to accommodate various stakeholders, including finance teams, department heads, and executives.

Do you plan in different currencies?

Our Oracle EPM solutions support multi-currency planning. We enable organizations to plan, budget, and forecast in different currencies, ensuring accurate financial management across global operations.

When does your fiscal year start? All entites have the same fiscal calendar or not?

We configure fiscal calendars based on organizational requirements. Whether entities share the same calendar or follow regional variations, our system adapts to ensure seamless planning cycles

Is the forecast done annually, monthly or quarterly?

Our EPM tools allow flexible forecasting frequencies—annually, monthly, or quarterly. We align with industry best practices and customize the approach to meet specific business needs.

What is the Chart of Account Structure?

Our COA design considers the organization’s unique requirements. We define segments (e.g., account type, department, cost center) to create a comprehensive framework for financial reporting.

What are the revenue streams, and what data granularity is needed for each one?

We capture revenue data at the desired granularity—by product, region, customer, or other relevant dimensions. Our system ensures accurate tracking of revenue sources.

What are the budgeting methods used to calculate the cost of sales per revenue stream?

We collaborate with clients to identify industry-specific business drivers. These may include sales volume, market demand, production capacity, and pricing strategies.

Please mention the revenue streams and data granularity per each one?

We capture revenue data at the desired granularity—by product, region, customer, or other relevant dimensions. Our system ensures accurate tracking of revenue sources.

What are the budgeting methods used to calculate the G&A / S&D?

We implement budgeting methods like zero-based budgeting (ZBB) for G&A (General and Administrative) and S&D (Sales and Distribution) expenses. Customization is key.

Financial Consolidation FAQs

What is the data granularity needed for the expenses?

We configure expense granularity based on reporting needs—whether by account, cost center, department, or project.

Financial Consolidation FAQs

What is the the legal entity structure??

Legal entities (LEs) are separate business units, such as subsidiaries or divisions, that operate under their own legal framework. The number of LEs depends on the organization’s structure. Ownership can be direct (100% ownership) or indirect (partial ownership through other entities).

Oracle EPM allows you to define legal entities, their ownership relationships, and hierarchies. You can set up direct or indirect ownership, track subsidiaries, and manage intercompany transactions.